Quest Diagnostics Inc (NYSE:DGX) had its target price upped by Canaccord Genuity from $100.00 to $105.00 in a report issued on Thursday. The firm presently has a “buy” rating on the medical research company’s stock. Canaccord Genuity’s price target would suggest a potential upside of 9.74% from the company’s current price.
DGX has been the topic of several other research reports. Mizuho set a $103.00 price target on shares of Quest Diagnostics and gave the stock a “buy” rating in a research report on Thursday, October 19th. BidaskClub raised shares of Quest Diagnostics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Quest Diagnostics from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Wednesday, August 2nd. Barclays PLC reissued a “hold” rating and set a $110.00 price target on shares of Quest Diagnostics in a research report on Wednesday, July 19th. Finally, SunTrust Banks, Inc. set a $105.00 price target on shares of Quest Diagnostics and gave the stock a “hold” rating in a research report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.18.
Quest Diagnostics (NYSE:DGX) traded up 0.93% on Thursday, reaching $95.68. 887,486 shares of the company traded hands. Quest Diagnostics has a 1-year low of $79.28 and a 1-year high of $112.97. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 19.28 and a beta of 0.65. The stock has a 50 day moving average of $96.64 and a 200-day moving average of $104.44.
Quest Diagnostics (NYSE:DGX) last issued its quarterly earnings results on Thursday, October 19th. The medical research company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Quest Diagnostics had a net margin of 9.06% and a return on equity of 13.61%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 earnings per share. On average, equities analysts anticipate that Quest Diagnostics will post $5.64 EPS for the current year.
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In other Quest Diagnostics news, Director Jeffrey M. Leiden sold 296 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $106.66, for a total value of $31,571.36. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $639,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Stanzione sold 3,803 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $108.01, for a total transaction of $410,762.03. Following the completion of the transaction, the director now owns 35,359 shares in the company, valued at $3,819,125.59. The disclosure for this sale can be found here. Insiders sold 160,692 shares of company stock worth $17,375,423 over the last quarter. 1.75% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in DGX. FMR LLC increased its stake in Quest Diagnostics by 2.4% in the first quarter. FMR LLC now owns 759,611 shares of the medical research company’s stock valued at $74,586,000 after purchasing an additional 17,794 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Quest Diagnostics by 23.6% during the first quarter. Teachers Advisors LLC now owns 219,065 shares of the medical research company’s stock worth $21,510,000 after acquiring an additional 41,822 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of Quest Diagnostics by 4.5% during the first quarter. Thrivent Financial For Lutherans now owns 5,100 shares of the medical research company’s stock worth $501,000 after acquiring an additional 220 shares during the last quarter. Morgan Stanley grew its position in shares of Quest Diagnostics by 36.1% during the first quarter. Morgan Stanley now owns 404,522 shares of the medical research company’s stock worth $39,720,000 after acquiring an additional 107,330 shares during the last quarter. Finally, United Capital Financial Advisers LLC purchased a new position in shares of Quest Diagnostics during the first quarter worth approximately $474,000. Institutional investors own 87.08% of the company’s stock.
About Quest Diagnostics
Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs).
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